Last dividend date: May 18, 2026
Dividend yield: 3.15%
Payout ratio: 75.6%
Southern's latest dividend of $0.76 per share was on May 18, 2026 (ex-date). The annualized dividend distribution of $2.98 per share represents a current dividend yield of 3.19%. The latest SO payment of $0.76 marks a dividend growth of 2.7%.
SO dividend stats
vs. Utilities sector
Southern Dividend yield
SO has a dividend yield of 3.19% which is above the industry and its peers average but below the Utilities sector average. Compared to its Utilities sector average of 3.37%, Southern's dividend yield is 5% lower. The current dividend yield is below the historical average of 3.7% of the last 5 years.
SO Dividend history
Southern has a history of paying dividends since 1991. Our records of SO show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 2.8% since twelve months ago. But with the price of the stock up by 4.6% from a year ago, the dividend yield has a decrease of 1.8%.
Southern Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| May 18, 2026 | $0.76 | 3.18% |
| Feb 17, 2026 | $0.74 | 3.22% |
| Nov 17, 2025 | $0.74 | 3.25% |
| Aug 18, 2025 | $0.74 | 3.14% |
| May 19, 2025 | $0.74 | 3.24% |
| Feb 18, 2025 | $0.72 | 3.35% |
| Nov 18, 2024 | $0.72 | 3.25% |
| Aug 19, 2024 | $0.72 | 3.27% |
| May 17, 2024 | $0.72 | 3.55% |
| Feb 16, 2024 | $0.7 | 4.21% |
| Nov 17, 2023 | $0.7 | 3.98% |
| Aug 18, 2023 | $0.7 | 4.07% |
| May 12, 2023 | $0.7 | 3.74% |
| Feb 17, 2023 | $0.68 | 4.08% |
| Nov 18, 2022 | $0.68 | 4.12% |
| Aug 12, 2022 | $0.68 | 3.43% |
| May 13, 2022 | $0.68 | 3.61% |
| Feb 18, 2022 | $0.66 | 4.14% |
| Nov 12, 2021 | $0.66 | 4.23% |
| Aug 13, 2021 | $0.66 | 3.97% |
| May 14, 2021 | $0.66 | 3.96% |
| Feb 12, 2021 | $0.64 | 4.26% |
| Nov 13, 2020 | $0.64 | 3.97% |
| Aug 14, 2020 | $0.64 | 4.71% |
| May 15, 2020 | $0.64 | 4.76% |
| Feb 14, 2020 | $0.62 | 3.59% |
| Nov 15, 2019 | $0.62 | 3.95% |
| Aug 16, 2019 | $0.62 | 4.24% |
| May 17, 2019 | $0.62 | 4.5% |
| Feb 15, 2019 | $0.6 | 4.94% |
| Nov 16, 2018 | $0.6 | 5.08% |
| Aug 17, 2018 | $0.6 | 5.02% |
| May 18, 2018 | $0.6 | 5.48% |
| Feb 16, 2018 | $0.58 | 5.28% |
| Nov 17, 2017 | $0.58 | 4.51% |
| Aug 17, 2017 | $0.58 | 4.76% |
| May 11, 2017 | $0.58 | 4.54% |
| Feb 16, 2017 | $0.56 | 4.64% |
| Nov 17, 2016 | $0.56 | 4.68% |
| Aug 11, 2016 | $0.56 | 4.21% |
| May 12, 2016 | $0.56 | 4.36% |
| Feb 11, 2016 | $0.543 | 4.52% |
| Nov 12, 2015 | $0.543 | 4.9% |
| Aug 13, 2015 | $0.543 | 4.63% |
| May 14, 2015 | $0.543 | 4.9% |
| Feb 12, 2015 | $0.525 | 4.51% |
Southern dividend payout ratio
Payout ratio
SO has a payout ratio of 75.6% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 62%, Southern's payout ratio is 22% higher.
Total amount of dividends paid per financial year (from cash flow)
SO dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| D Dominion Energy Inc | 3.88% | $2.67 | 78.8% |
| FE Firstenergy Corp | 3.85% | $1.8 | 97.8% |
| DUK Duke Energy CORP | 3.42% | $4.26 | 65.2% |
| SO Southern Co | 3.15% | $2.98 | 75.6% |
| PPL PPL Corp | 3.13% | $1.12 | 68% |
| AEP American Electric Power Co Inc | 2.89% | $3.78 | 55.5% |
| NEE Nextera Energy Inc | 2.75% | $2.38 | 60.1% |
| ETR Entergy Corp | 2.25% | $2.52 | 63.5% |
| NRG Nrg Energy Inc | 1.35% | $1.83 | 208% |
Frequently asked questions
Does Southern pay a dividend?
Yes, Southern has been paying dividends for the last 35 years.
When was SO's last dividend?
Southern's last regular dividend was on May 18, 2026 (ex-date) with the amount of $0.76 per share.
How much dividend does Southern pay (per share)?
SO's annualized dividend per share is $2.98.
What is Southern's dividend yield?
The current dividend yield of Southern is 3.19%.
How often does Southern pay dividends?
Southern pays four dividends per year.
What is Southern's dividend payout ratio?
The dividend payout ratio of Southern is 75.6%.
Does Southern pay a good dividend?
Southern's dividend yield is below the Utilities sector average.
Special dividends are included in TTM DPS and yield.